Indonesia holds rates at 8.25%

Bank Indonesia's rate-setting board decided on Monday to hold its benchmark BI rate at 8.25%.

Burnhanuddin Abdullah, the governor of the central bank, said the decision was "an attempt to consolidate the credibility gains made thus far in maintaining stability in macroeconomic indicators and the banking system."

"These achievements, if kept in place, will pave the way for sustained economic expansion," he added.

The central bank said it predicts to be within a percent of both its 6% target fo

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